iShares Europe ETF (NYSEARCA:IEV) Sees Unusually-High Trading Volume – Here’s Why

iShares Europe ETF (NYSEARCA:IEV) shares saw unusually-high trading volume on Wednesday . Approximately 347,143 shares changed hands during trading, an increase of 23% from the previous session’s volume of 281,635 shares.The stock last traded at $58.65 and had previously closed at $58.37.

iShares Europe ETF Trading Up 0.8 %

The business has a 50-day moving average of $54.48 and a 200 day moving average of $55.38. The firm has a market capitalization of $1.79 billion, a PE ratio of 16.09 and a beta of 0.83.

Institutional Trading of iShares Europe ETF

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of iShares Europe ETF by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,698,388 shares of the company’s stock valued at $98,965,000 after acquiring an additional 182,168 shares in the last quarter. Royal Bank of Canada lifted its holdings in iShares Europe ETF by 42.2% in the fourth quarter. Royal Bank of Canada now owns 540,499 shares of the company’s stock worth $28,138,000 after buying an additional 160,380 shares during the period. Jane Street Group LLC lifted its position in iShares Europe ETF by 11.3% during the fourth quarter. Jane Street Group LLC now owns 452,238 shares of the company’s stock valued at $23,544,000 after buying an additional 46,067 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Europe ETF by 305.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 228,039 shares of the company’s stock valued at $11,872,000 after purchasing an additional 171,836 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of iShares Europe ETF by 15.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 173,062 shares of the company’s stock worth $9,010,000 after buying an additional 23,436 shares in the last quarter.

iShares Europe ETF Company Profile

iShares Europe ETF (the Fund), formerly iShares S&P Europe 350 Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Europe 350 (the Index). The Index measures the performance of the stocks of companies in the countries, which includes Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.